modified-special-incentive-package-scheme

Objective: 

  • To offset disability and attract investments in Electronic manufacturing.
  • M-SIPS scheme aims to provide a special incentive package to boost domestic electronic product manufacturing sector and move towards Union Government‘s goal of Net Zero imports‘ in electronics by 2020.

More about the scheme:

  • The scheme provides capital subsidy of 20% in SEZ (25% in non-SEZ) for units engaged in electronics manufacturing. It also provides for reimbursements of CVD/ excise for capital equipment for the non-SEZ units. 
  • Unit receiving incentive will provide undertaking to remain in commercial production for at least 3 years.